Search results
1 – 5 of 5These difficulties have arisen despite the sharp rise in oil output to nearly 143 million barrels last year, from which the government received some USD1.6bn in revenues. Oil…
Details
DOI: 10.1108/OXAN-DB286685
ISSN: 2633-304X
Keywords
Geographic
Topical
The deal builds on the recent ten-year agreement on maritime defence cooperation. Somalia is believed to have significant onshore and offshore oil and gas potential. However…
Details
DOI: 10.1108/OXAN-DB286121
ISSN: 2633-304X
Keywords
Geographic
Topical
However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…
Details
DOI: 10.1108/OXAN-DB285374
ISSN: 2633-304X
Keywords
Geographic
Topical
The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…
Details
DOI: 10.1108/OXAN-DB285518
ISSN: 2633-304X
Keywords
Geographic
Topical
Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…